Chart of the Day - Thursday, June 5, 2025

🏆  Today's Chart of the Day was shared by @WallStWingman. 
 

• The Uranium ETF ($URA) closed at a seven-month high today, surging more than +63% since the April 8th low, compared to nearly +20% for the S&P 500. 
   
• Wingman notes that $URA is testing resistance at $33 for the fourth time since last May. A breakout here would clear the way for levels not seen since 2014. 
   
• Cameco Corp. ($CCJ) is the largest holding in $URA, accounting for 23% of the ETF. Other notable components include Oklo ($OKLO), NexGen Energy ($NXE), NuScale Power ($SMR), and Uranium Energy Corp. ($UEC).
   

The Takeaway: The Uranium ETF ($URA) is testing a familiar level at $33 for the fourth time since last May. A successful breakout would open the door to levels not seen in a decade.